TITLE

Switching B/Ds and the Law of Unintended Consequences

AUTHOR(S)
Johnson, Timothy
PUB. DATE
April 2007
SOURCE
Journal of Financial Planning;Apr2007 Supplement, Vol. 20, p30
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article discusses the effects of Regulation SP, which was passed by United States Congress as part of the PATRIOT Act, on the financial planning industry. The regulation is focused on protecting consumers' personal information, but has substantially curtailed the block transfer of a representative's clients if they move to a new firm. This can often be damaging for consumers and brokers alike, as the former are forced to deal with a new financial planner and the latter must find new clients.
ACCESSION #
24689932

 

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